1. Owner's surrounding policy

2. Clearance and removal of debris

3. Additional custom duty

4. Air freight

5. Express freight

6. Dismantling

7. Escalation

8. Third Party Cover

9.Floater cover

2.2 Erection All Risk (EAR): The Erection All Risk Insurance is designed to cover risks during the erection and installation of plant and machinery, including testing/commissioning.

The Erection All Risks Insurance Policy covers the Insured against any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded.

Section I Material Damage

1. Material damage to erection work

2. Damage and loss to plant and equipment, Contract Works/Projects

Section II Third Party Liability

Accidental loss or damage to third party property and/or bodily injury arising in connection with the erection work.

1. Owner's surrounding policy

2. Clearance and removal of debris

3. Additional custom duty

4. Air freight

5. Express freight

6. Dismantling

7. Escalation

8. Third Party Cover

9.Floater cover

2.3 Contractors Plant & Machinery (CPM): Contractor's Plant & Machinery Insurance. It is an important all risks policy covering principally movable plant and machinery owned or leased by the principals or contractors and used on site for various construction work, repairs & maintenance jobs or even regular site work.

Coverage

This is an 'All Risk' policy covering sudden and unforeseen physical damage to machinery insured by any cause or peril not specifically excluded under the policy.

It covers various types of machinery, plant and equipment, both electrical and mechanical against unforeseen or sudden physical damage of the insured machinery due to any cause not excluded.

1. There is an option to cover only selected machinery under the policy.

2. It provides coverage for machinery at various locations by specifically mentioning the equipments at each location.

The Policy can be taken by the owner, contractor or by the financiers of the machinery

1. Owner's surrounding policy

2. Clearance and removal of debris

3. Additional custom duty

4. Air freight

5. Express freight

6. Dismantling

7. Escalation

8. Third Party Cover

9. Floater cover